For Sale
$2,195,000

1677 San Pablo AvePinole, CA 94564

High-traffic location, strong NOI. Excellent investment.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents three buildings in Pinole, California, totaling 10,720 square feet, situated on a high-traffic intersection at 759 Appian Way and 1677 & 1685 San Pablo Ave, zip code 94564. The portfolio includes a convenience store and two office buildings, all sold together as a single unit. The property boasts 27 parking spaces. Currently operating at 85% occupancy, the property generates a Net Operating Income (NOI) of $129,035, with a pro-forma NOI of $135,811. The asking price is $2,195,000, representing a price per square foot of $204.76 and a 5.88% cap rate. The lease type is modified, with a multi-tenant occupancy and a remaining lease term of 7 years. This offering is ideal for a 1031 exchange. All three buildings must be purchased together. Please do not disturb tenants. Updated financials and disclosures are forthcoming.

Highlights

  • Exceptional investment opportunity: Three-building portfolio totaling 10,720 square feet in Pinole, CA.
  • High-traffic location at 759 Appian Way & 1685/1677 San Pablo Ave (94564).
  • Property includes a convenience store and two office buildings, sold as a single unit.
  • 27 parking spaces and 85% occupancy.
  • $129,035 current NOI, $135,811 pro-forma NOI.
  • Asking price: $2,195,000 ($204.76/SF, 5.88% cap rate).

Property Details for 1677 San Pablo Ave

Property type
Retail properties, Grocery and convenience stores
Square Feet
10,720 SF

Location Insight

City
Pinole
County
Contra Costa
State
California
Latitude
38.0040409
Longitude
-122.2982168
1677 San Pablo Ave, Pinole, California

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1677 San Pablo Ave
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